The duty rates on beer will decrease, reducing the price of a typical pint of beer by 1p.
Other reductions in the duty rate will have the effect of reducing the price of a typical bottle of spirits by 18p and a typical litre of cider by 1p.
These changes will take effect from 23 March 2015.
The duty on all tobacco products is increased by 2% above the rate of inflation (based on the RPI). This change took effect from 6pm on 18 March 2015.
The fuel duty increase by RPI planned for 1 September 2015, due to be 0.54p per litre, will be cancelled.
Air Passenger Duty (APD)
Legislation will be introduced in Finance Bill 2016 to increase APD rates in line with RPI from 1 April 2016.
As announced in the Autumn Statement 2014, the Government will introduce an exemption from reduced rates of APD from 1 May 2015 for children under 12 and from 1 March 2016 for children under 16.